Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Filecoin (FIL) experienced a 3.46% price decrease over the past 24 hours, marking a continuation of its -9.0% decline over the past week. The trading volume for FIL has decreased by 17.0%, while its circulating supply has increased by 0.53%. Currently, FIL's market cap ranks it 39th at $2.97 billion.
May 14, 2024 | 7:03 pm
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Filecoin (FIL) has seen a significant price decrease of 3.46% in the last 24 hours, contributing to a -9.0% decline over the past week. The decrease in trading volume by 17.0% alongside a slight increase in circulating supply suggests a bearish sentiment among investors. The current market cap ranking at #39 reflects its standing in the cryptocurrency market.
The price decrease of Filecoin (FIL) is significant and indicates a bearish trend, especially when combined with a decrease in trading volume. The increase in circulating supply without a corresponding price increase suggests a lack of buying pressure. Given these factors, the short-term impact on FILUSD is likely negative.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100